-
Romania will retain the 19% standard VAT rate but eliminate most reduced rates in August, keeping lower rates only for food and medicines as part of a fiscal consolidation compromise.
-
The final decision on raising the standard VAT to 21% hinges on an October 15 evaluation of the fiscal impact of current measures, including revised VAT brackets and excise duty increases.
-
Additional fiscal reforms under consideration include higher tobacco excise, gambling taxes, and spending cuts, aimed at reducing the budget deficit ahead of Romania’s next EU Excessive Deficit Procedure update.
Source: www.romania-insider.com
Latest Posts in "Romania"
- New Tax Legislation: VAT Changes and Global Minimum Tax for Enterprises Effective September 2025
- Romania Considers VAT Increase to 23% in 2026 Amid Budget Revenue Concerns
- Romania Considers Increasing VAT to 23% in 2026 Amid Fiscal Pressures
- Romania Increases VAT Registration Threshold, Implements EU Small Business VAT Exemption Scheme
- New VAT Exemption Thresholds and Compliance Rules for Small Enterprises Effective September 2025
